EC opens antitrust probe into Aegean/Olympic merger

The European Commission said it has "opened an in-depth investigation under the EU Merger Regulation" into the planned Olympic Air/Aegean Airlines combination, stating that its initial inquiry into the deal found that "serious competition concerns" could arise.

Aegean A320.
The European Commission said it has "opened an in-depth investigation under the EU Merger Regulation" into the planned Olympic Air/Aegean Airlines combination, stating that its initial inquiry into the deal found that "serious competition concerns" could arise.
Aegean MD Dimitris Gerogiannis recently told ATW that the merger with Olympic "is a viability issue," asserting that the Greek market can't support both carriers (ATW, Aug. 1). ...